Locals close, chains replace them

A bit late to the game, 24hres asks whether the closure of a local business like Station W means the space will be taken over by a chain store of some kind.

As commercial rents rise uncontrollably, this pattern has been seen all over, but we’ve also seen e.g. Starbucks locations fail to thrive. A street like Mont‑Royal still has a mix of business types, for example. Presumably not all landlords are willing to hike the rents till only McDonald’s can afford them.